A company wants to start a new product line. The initial cash outlay is $50,000. Once it is in place, cash revenues are $30,000 per year and costs are $15,000 per year. The company will wind down the product line after 9 years, and at that time, the equipment has a salvage value of $3,000. The discount rate is 12%. Calculate the Net Present Value (NPV), using the NPV function on your calculator. (Round your final answer to two decimals).